FRANCHISING
For further inquiries and to follow up your applications feel free to contact our Franchising Team at 0917-714-2083 / 0920-676-1969 or [email protected]
frequently asked questions
Q: What kind of assistance do you provide for location selection?
A: Scouting for a suitable location is the applicant’s responsibility. However, our team will assist by assessing your proposed site to ensure it meets our standards for approval.
Q: What is the minimum space requirement for a Potato Corner franchise?
A: We require a space of at least 6 square meters with a minimum frontage of 2 meters. This allows sufficient working space for smooth operations.
Q: How long does it take to achieve ROI (Return on Investment)?
A: On average, franchise owners experience a return on investment within 12 to 18 months.
Q: What is the average cost of goods sold (COGS)?
A: Our average COGS is around 52%, giving you a gross margin of 48%. Please note that net income will depend on your operational expenses.
Q: What are your available payment options?
A: We require full payment upon contract signing. You can choose from:
- Cash or check
- Online payment or bank transfer (for one-time payment only)
Q: How long does it take to open a franchise from application to approval?
A: Once all requirements are completed, you can expect your store to open within 30 to 60 days.
Q: What is the renewal fee?
A: The renewal fee is 50% of the current franchise fee. With the current franchise fee set at P150,000, the renewal fee is P75,000, extending your contract for another five years.
Q: Do I need to be a corporate employee to own a franchise?
A: Absolutely not! You can apply as a sole proprietor, part of a partnership, or a corporation.
Q: Does Potato Corner charge royalty fees?
A: No, we do not charge any royalty fees!
